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Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study

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  • Manuel Pedro Rodríguez Bolívar
  • Andrés Navarro Galera
  • Laura Alcaide Muñoz
  • María Deseada López Subirés

Abstract

The current international crisis in public finances has made financial sustainability a key issue for governments. Although the European Union (EU) and other international organisations have recommended governments to monitor demographic and economic variables, few studies have considered the influence of these variables on financial sustainability. This paper seeks to identify and analyse the drivers and risk factors that influence the financial sustainability of local government. The findings identify both risk factors (unemployment and population aged under 16 years) and drivers (budgetary outcome) of financial sustainability, which may constitute a useful basis for decision-taking by managers and policy-makers.

Suggested Citation

  • Manuel Pedro Rodríguez Bolívar & Andrés Navarro Galera & Laura Alcaide Muñoz & María Deseada López Subirés, 2016. "Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study," Local Government Studies, Taylor & Francis Journals, vol. 42(1), pages 29-51, January.
  • Handle: RePEc:taf:flgsxx:v:42:y:2016:i:1:p:29-51
    DOI: 10.1080/03003930.2015.1061506
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    Cited by:

    1. Pawel Dziekanski & Andrzej Pawlik & Magdalena Wronska & Urszula Karpinska, 2020. "Demographic Potential as the Basis for Spatial Differentiation of the Financial Situation Communes of Eastern Poland in 2009-2018," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 872-892.
    2. Dionisio Buendía-Carrillo & Juan Lara-Rubio & Andrés Navarro-Galera & María Elena Gómez-Miranda, 2020. "The impact of population size on the risk of local government default," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(5), pages 1264-1286, October.
    3. Aldona Standar & Agnieszka Kozera, 2020. "Identifying the Financial Risk Factors of Excessive Indebtedness of Rural Communes in Poland," Sustainability, MDPI, Open Access Journal, vol. 12(3), pages 1-25, January.
    4. Krzysztof Surowka, 2021. "Role of EU Funds in Financing the Activity of a Local Government in Poland from 2011 to 2020," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 1096-1109.
    5. Kakati Shivam & Roy Arup, 2021. "Financial sustainability: An annotated bibliography," Economics and Business Review, Sciendo, vol. 7(3), pages 35-60, September.
    6. Caitlin Blaser Mapitsa & Loren Landau, 2019. "Measuring Municipal Capacity to Respond to Mobility," SAGE Open, , vol. 9(1), pages 21582440198, February.
    7. Mª Teresa Balaguer-Coll & Isabel Narbón-Perpiñá & Jesús Peiró-Palomino & Emili Tortosa-Ausina, 2020. "Quality of government and economic growth at the municipal level: Evidence from Spain," Working Papers 2020/04, Economics Department, Universitat Jaume I, Castellón (Spain).

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